Kraken Lists SNEK Memecoin on April 28th: Impact Seen in Price Surge

Kraken Exchange has announced the listing of Snek, a Cardano-based memecoin, on April 28th. This move signals a major boost for the wider Cardano ecosystem, which has faced scrutiny for its low on-chain activity. Deposits and withdrawals for SNEK are already enabled despite geographical restrictions, signifying Kraken’s confidence in this listing. A surge in SNEK’s price follows the announcement, reaching over 17% gains. Experts attribute this rally to SNEK’s potential to benefit from the broader memecoin trend and improve its appeal to investors.